Jinan City metro installs face recognition at fare gates

China opens first 3D facial recognition metro line in Shandong — ECNS — “Metro Line 1 in Jinan City, Shandong Province has become the first in China to adopt 3D facial recognition technology… The 3D facial recognition technology-empowered gate can allow entry of 30 to 40 passengers per minute… The error rate is said to be only one in one million, while the technology can also detect fraudulent use of photos, videos or masks.”



Aeon to identify customers with face recognition at 80 self-serve stores

Aeon to use facial recognition at 80 China self-serve stores — Nikkei Asian Review — “Aeon, Japan’s largest retailer by sales, will soon debut a chain of self-serve smart stores in China that can anticipate what a customer will buy upon entering the establishment… Facial recognition technology installed in the stores will identify shoppers. Customers’ smartphones will then display recommended items and coupons based on purchasing habits and digital payment history.”



WeChat Pay reports 500% increase in transaction volumes

WeChat Pay supports merchants expanding businesses by bringing its ecosystem to the world — WeChat Pay — “In 2018, the monthly average transaction volume saw an increase of 500% year on year, while the total transaction value increased 400%. Meanwhile, the number of service providers witnessed a year-on-year increase [of] 300%, and the number of merchants accepting WeChat Pay increased 700%. WeChat Pay is now available in 49 markets outside of the Chinese mainland, supporting cross-border payment transactions in 16 currencies.”


Xiaomi expands its Mi Pay mobile payments service to India

Xiaomi announces official Indian launch of Mi Pay — GSMArena — “Back in 2016, Xiaomi launched Mi Pay in China and followed that up by launching a beta trial in India. Testing is finally complete and Indian users get full access to Mi Pay. The platform is built on the Unified Payments Interface (UPI) in collaboration with National Payments Corporation of India (NPCI) and ICICI Bank and supports more than 120 banks.”






Brazil, Russia, India, China and South Africa to launch Brics Pay mobile payment service

Five-currency basket: Brics countries create a single payment service — Izvestia (translation) — “One of the likely scenarios for the project is the creation of a special online wallet that will unite the payment systems of all the Brics countries… The common wallet will work in the same way as existing payment services, such as Apple Pay or Samsung Pay. To this end, a separate cloud platform will be created that will connect the national payment systems of the five countries.”



NXP opens doors in China with RocketXS NFC electronic locks

NXP drives convenience in Chinese Access Market with ‘RocketXS’ — NXP — PARTNER NEWS — “The RocketXS solution allows a quick and reliable unlocking via fingerprint, Bluetooth Low Energy and NFC. It also takes convenience and security to the next level as all NFC cards in a user’s wallet (phone) can be set as a door key. This means that the real key is hidden and only the user himself knows which one is right and thus increases the difficulty of break-ins and hacking.”


Samsung Pay adds support for low-cost international remittances

Samsung Pay starts overseas remittance service in 17 countries — Pulse — “Samsung Pay users can now wire money [internationally] through their mobile phones and save in fees compared to sending money overseas via a conventional remittance route… The beta service will be available in 17 countries including the United States, China, and Japan. The company plans to gradually expand the service to other countries as well as add more partners.”



Chinese shopping street adopts face recognition payments

China’s first facial recognition payment-based shopping street opens in Wenzhou — ECNS — “A historical shopping street in Wenzhou City, Zhejiang Province, has become the first in China to extensively apply facial recognition in making payments… Mao Xinqin, director of the street’s administration, said facial recognition payments can improve efficiency during the peak season for tourism and shopping. Yang Peng, vice president of Ant Financial, said Alipay has upgraded the payment system using a 3D structured light camera and can ensure accuracy of 99.99%.”


Chinese mobile payment users set to double by 2023

Mobile payments market in China is expected to witness three-fold growth with doubling of active mobile payment users by 2023 — Frost & Sullivan — “The market of mobile payments services in China is expected to grow at a compound annual growth rate (CAGR) of 21.8% from 2017 to 2023, growing three-fold from US$29.93 trillion to US$96.73 trillion. The total number of active mobile payment customers is expected to reach 956 million by 2023 from 562 million in 2017 which will attract additional investments from mobile payments market participants.”


Didi Chuxing expands into financial services

Chinese ride-hailing giant Didi Chuxing enters financial services amid profit push — South China Morning Post — “The new offering, which Didi introduced on Wednesday, includes mutual protection and crowdfunding products for critical illnesses, credit and lending, wealth management and auto-financing services… Didi’s foray into financial services is part of its effort to build a ‘more connected ecosystem’ with reliable and competitive services, according to a company spokesman.”


Tencent connects car registrations to WeChat Pay for pay-by-plate parking at 1,000 Chinese shopping malls

WeChat Pay launches auto scan-and-pay for parking in China’s shopping malls — South China Morning Post — “To be part of this system, car owners must register their plate numbers under their WeChat Pay accounts. Their plates are scanned by specially set-up cameras located at the exit points of car parking sites. The artificial intelligence-based system automatically matches the captured image of the plate number with a database of WeChat Pay users to determine the corresponding account and settle the parking fees.”


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